Today was an interesting day for the development of artificial intelligence. Vera Jourova, a senior European Union (EU) official, has warned that the bloc’s upcoming legislation on AI should not be based on paranoia about the technology, as it could lead to overly restrictive rules and hinder AI development. . In other news, Visa has revealed its plans to invest $100 million in companies that focus on generative AI. This and more in today’s AI roundup. Let us take a closer look.
EU official warns against AI paranoia
Vera Jourova, Vice-President of the European Commission for Values and Transparency, told The Financial Times says fear of a dystopian future and paranoia of emerging technology should not be the basis for finalizing regulations around AI. Jourova is also one of the two commissioners overseeing the enactment of the AI Act.
“There should be no distraction in assessing the risks of AI. There should always be a solid analysis of potential risks. We should not mark as high-risk things that do not appear to be high-risk at this time. There should be a dynamic process where, when we see technologies being used in a risky way we are able to add them to the high-risk list later,” she said.
Visa for investment in AI firms
Visa has revealed its big plans to invest in companies that are actively working on generic AI report By Bloomberg. Visa is particularly interested in companies that are building tools for how commerce might be conducted in the future through the impact of AI.
David Rolfe said, “With generative AI having the potential to be one of the most transformative technologies of our time, we are expanding our focus to invest in some of the most innovative and disruptive venture-backed startups in generative AI, commerce and payments.” Excited for.” , the head of Visa Ventures told Bloomberg.
Nvidia’s AI chip rates rise in Japan
The weak yen is causing a huge increase in prices of semiconductor equipment for Nvidia’s data centers in Japan, resulting in increased expenses for developers working on generative AI. report By Nikkei Asia.
GDEP Advance, a business solutions firm and authorized sales partner of Nvidia, recently increased the catalog price of the state-of-the-art H100 graphics processing unit by 16% in September, bringing it to 5.44 million yen ($36,300). , which represents a substantial increase of approximately 700,000 yen.
Bryan Health uses AI to detect weapons brought into the ER
After a third of hospitals surveyed in Nebraska, the US found that violence on campus was on the rise, some hospitals have come up with unique solutions. According to one of them, Bryan Health is using AI to check individuals’ arms when entering the emergency department report By Nebraska News. This advanced system is known as Evolve.
Jeff Blimister, director of safety and security at Bryan, said, “We measure and look at incidents of workplace violence, and the West Emergency Department had more than other areas of the hospital.”
AI startup Stamply raises $61 million
On Tuesday, Stamply Inc., a startup specializing in artificial intelligence-powered tools to facilitate corporate bill payments, announced that it has secured $61 million in new funding for its operations. report By Bloomberg. The funding round was led by funds managed by Blackstone Inc., although the company did not disclose its current valuation.
“AI has become fashionable again, and we have been using it for a really long time,” said Eyal Feldman, CEO of Stamply.
With this infusion of capital, Stamply has raised more than $148 million since its founding in 2015. Feldman indicated that the startup intends to use the new funds to expand its workforce from 250 employees to approximately 350. He also hinted at the company’s long-term plans, saying they are “starting to think and prepare” about a possible initial public offering.